SUDAN HIKES FLOUR SUBSIDIES BY 40% TO LOWER BREAD PRICES

KHARTOUM, Sudan increased flour subsidies by 40 percent, the Finance Ministry said, after the reduction of subsidies this year sent bread prices higher and triggered protests.

The government would spend 35 million Sudanese pounds ($737,000) daily instead of 25 million, the statement added.

A decision to reduce bread subsidies this year sparked rare nationwide protests after bread prices doubled. Inflation climbed to a record 66 percent in August, one of the highest rates globally.

Source: NAM NEWS NETWORK